It remains to be seen if it can rise along the uptrend line (5) and climb to the 1917.39-1997.19 section. Accordingly, we must see if there is any movement that deviates from the 1598.48-1917.39 range due to volatility around March 15-18.
If it falls, you need to make sure you get support at 1757.79.
If it falls from the 1612.0 point, a short stop loss is required. However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls from 1278.98, you need a Stop Loss to preserve your profit or loss.
If it gains support and moves sideways between 1917.39-1997.19, it is expected to rise towards the 2236.59 point.
It remains to be seen if the OBV indicator in the volume indicator can increase the OBV center line as the green increases. If the trading volume does not increase, it is highly likely that it will fail to break above the 1997.19 point.
On the CCI-RC indicator, we need to see if the CCI line crosses the EMA line or falls below 100 points.
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(ETH Dominance 1D Chart) We need to see how we can get support at the MS-Signal line on the 1D chart and rise above 13.272 points. If the 13.272 point is supported as an important point, further gains are expected. The next volatility period is around March 15th.
We believe that the rise of ETH dominance leads to the rise of the ETH price. This suggests that when ETH dominance moves sideways or rises, if ETH price falls, it is a good time to buy.
** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)